Fabrinet Correlations

FN Stock

USD 225.85 0.00 0.00%

The current 90-days correlation between Fabrinet and Plexus Corp is 0.53 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fabrinet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fabrinet moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fabrinet Correlation With Market

Very weak diversification

The correlation between Fabrinet and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fabrinet and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fabrinet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.

Moving together with Fabrinet Stock

0.76	MU	Micron Technology	Pair Corr
0.71	AEIS	Advanced Energy Indu	Pair Corr
0.61	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Moving against Fabrinet Stock

0.44	BKRKF	PT Bank Rakyat	Pair Corr
0.41	LGMK	LogicMark	Pair Corr
0.36	PPERF	Bank Mandiri Persero	Pair Corr
0.32	PPERY	Bank Mandiri Persero	Pair Corr
0.37	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.36	BKRKY	Bank Rakyat	Pair Corr
0.36	TLK	Telkom Indonesia Tbk	Pair Corr
0.34	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	PLXS	JBL	ROG	APH	SANM	BHE	MEI	OSIS	CLS	FLEX
PLXS		0.91	0.25	0.92	0.91	0.95	-0.26	0.48	0.97	0.96	PLXS
JBL	0.91		0.24	0.82	0.7	0.87	-0.1	0.37	0.86	0.92	JBL
ROG	0.25	0.24		0.25	0.37	0.41	0.53	0.36	0.1	0.27	ROG
APH	0.92	0.82	0.25		0.87	0.9	-0.26	0.49	0.92	0.93	APH
SANM	0.91	0.7	0.37	0.87		0.93	-0.24	0.56	0.88	0.86	SANM
BHE	0.95	0.87	0.41	0.9	0.93		-0.1	0.49	0.89	0.92	BHE
MEI	-0.26	-0.1	0.53	-0.26	-0.24	-0.1		0.3	-0.42	-0.18	MEI
OSIS	0.48	0.37	0.36	0.49	0.56	0.49	0.3		0.46	0.57	OSIS
CLS	0.97	0.86	0.1	0.92	0.88	0.89	-0.42	0.46		0.95	CLS
FLEX	0.96	0.92	0.27	0.93	0.86	0.92	-0.18	0.57	0.95		FLEX
	PLXS	JBL	ROG	APH	SANM	BHE	MEI	OSIS	CLS	FLEX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CLS	+ 0.97	PLXS
FLEX	+ 0.96	PLXS
BHE	+ 0.95	PLXS
FLEX	+ 0.95	CLS
FLEX	+ 0.93	APH
BHE	+ 0.93	SANM

High negative correlations

CLS	- 0.42	MEI
MEI	- 0.26	APH
MEI	- 0.26	PLXS
MEI	- 0.24	SANM
FLEX	- 0.18	MEI
MEI	- 0.1	BHE

Risk-Adjusted Indicators

There is a big difference between Fabrinet Stock performing well and Fabrinet Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fabrinet's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PLXS	1.37	0.19	0.18	0.23	1.20	(1.54)	3.38	(1.91)	12.92
JBL	1.36	0.11	0.13	0.19	1.22	(1.65)	2.80	(2.04)	15.06
ROG	1.57	(0.30)	0.00	(0.04)	0.00	0.00	2.51	(3.51)	11.97
APH	1.32	(0.01)	0.02	0.11	1.94	(1.40)	2.78	(2.49)	9.18
SANM	1.40	(0.04)	0.05	0.10	1.39	(1.64)	2.35	(2.64)	15.90
BHE	1.61	(0.05)	0.05	0.10	1.79	(1.78)	3.16	(3.84)	13.28
MEI	2.69	(0.32)	(0.01)	0.03	3.25	(2.97)	7.64	(5.30)	18.54
OSIS	1.39	0.03	0.06	0.14	1.62	(1.48)	3.51	(2.91)	9.44
CLS	2.53	0.66	0.21	0.51	2.75	(2.81)	5.42	(3.99)	22.21
FLEX	1.82	0.10	0.11	0.17	1.72	(2.33)	5.67	(2.91)	10.39

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